Cebu Holdings, Inc. announced that at the board of directors meeting held on December 3, 2020, it has approved election of Mr. Bernard Vincent O. Dy as Chairman of the Board vice Ms. Anna Ma. Margarita B. Dy; and Ms. Anna Ma. Margarita B. Dy as President vice Mr. Aniceto V. Bisnar, Jr. Mr. Bisnar will remain as a member of Board of Directors. Both Mr. Dy and Ms. Dy are incumbent directors. The election of Ms. Nerissa N. Josef -Mediano as Chief Operating Officer (COO) effective upon approval by the SEC of the Amended By-Laws which include the COO as officer of the Corporation. Nerissa N. Josef-Mediano, Filipino, 49, is the Vice President and Head of the Business Development Group of Cebu Holdings, Inc. Concurrently, she is an Assistant Vice President of Ayala Land, Inc. (ALI) and the Officer-in-Charge for its VISMIN Operations.